Acting on behalf of the Federal Government, Germany's development bank, the Kreditanstalt für Wiederaufbau, has acquired a temporary stake in transmission system operator 50Hertz. The company supplies electricity to some 18 million people in Germany and is a key player in putting the country's energy transition into practice.
On 18 April 2018, the federal cabinet adopted the German Stability Programme for 2018. Germany will now send the programme to the European Commission and the ECOFIN Council, thereby fulfilling its obligations under EU rules to submit its medium-term fiscal plans to Brussels by the end of April each year. In the Stability Programme, Germany reports on its compliance with the requirements of the Stability and Growth Pact.
Finance Minister Wolfgang Schäuble met with his French counterpart Economy Minister Bruno Le Maire on 22 May 2017 in Berlin only one week after the meeting of Federal Chancellor Angela Merkel and French President Emmanuel Macron. Both ministers agreed that Germany and France have to play a crucial role in strengthening the European Union in these currently challenging times.